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    Jamestown Duplex Near Lake Cumberland Title is generated by Realmo AI

    412-414 Murphy Lane, Jamestown, KY 42629

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    Claim this Listing
    Pending
    $440,000

    MULTI_FAMILY - Jamestown, KY

    Property size:
    3,226 SF
    Lot size:
    1.30 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    63
    Last Refresh:
    May 14 at 11:06 pm

    Property Features for 412-414 Murphy Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 4, Laundry Room, Bedroom 2
    Parking
    2
    Standard status
    Pending
    APN
    046-00-00-036.12 & 046-00-00-036.13
    Size
    3,226 SF
    Lot size
    1.30 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2019
    Roof type
    Shingle

    We can help!

    Listing Contact
    Elliot Burton
    Elliot Burton

    Listing agent Elliot Burton License #223088

    Listing office Golden Rule - Wilson Real Estate & Auction #2 LLC 21 E Steve Wariner Dr Ste A, Russell Springs, KY

    Listing date Mar 13, 2026

    MLS# 26004953 Listing URL

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Conveniently located minutes from Jamestown Resort Marina on Lake Cumberland, offering easy access to boating, fishing, and lakeside recreation.
    • Option to purchase one or both beautifully designed ranch townhome units, ideal for investors, multi‑generational living, or shared lake property.
    • Features open‑concept layouts with quality finishes including real hardwood flooring, custom cabinetry, and stainless steel appliances.
    • Each unit includes 2 spacious bedrooms with walk‑in closets and 2 full bathrooms, one with a large walk‑in bathtub.
    • Includes expansive laundry rooms with washers and dryers and oversized bonus storage rooms behind each garage.
    • Situated on a large lot (up to 1.2 acres m/l for both units) with mature trees and scenic farm views, providing privacy and peaceful surroundings.

    Overview

    This property features two ranch townhome units, each available separately or together. As a whole, the property consists of 1.298 acres. One unit is situated on 0.519 acres, while the other occupies 0.779 acres. Each unit includes 2 bedrooms with walk-in closets and 2 full bathrooms, one of which features a walk-in bathtub. The units have an open-concept layout, hardwood flooring, custom cabinetry, stainless steel appliances, laundry rooms with washers and dryers, and storage rooms located behind each garage. Covered front porches offer views of the surroundings. The property is surrounded by mature trees and offers views of nearby farms. It is located near Jamestown Resort Marina on Lake Cumberland and is approximately one mile from shopping and dining at Jamestown Square. The property is suitable for investors looking to live in one unit and rent the other, multi-generational living, in-law arrangements, caregivers, or two families wanting a shared property near Lake Cumberland. The combined property offers a total of 3226 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Russell
    State
    Kentucky
    Longitude
    -85.060644
    Latitude
    36.998957

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    FAQs

    What type of property is this?
    Duplex - Duplex with two units, close to Lake Cumberland.
    Where is this duplex located?
    The property is located at 412-414 Murphy Lane Jamestown, KY.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: Conveniently located minutes from Jamestown Resort Marina on Lake Cumberland, offering easy access to boating, fishing, and lakeside recreation.; Option to purchase one or both beautifully designed ranch townhome units, ideal for investors, multi‑generational living, or shared lake property.; Features **open‑concept layouts with quality finishes including real hardwood flooring, custom cabinetry, and stainless steel appliances.**
    (270) 250-5785
    We can help!
    Listing Contact
    Elliot Burton
    Elliot Burton
    Real Estate License ID: 223088
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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